SASKATOON, April 28 /CNW/ - JNR Resources Inc. (TSXV:JNN) and Altius Minerals Corporation, jointly the "Companies", are pleased to provide an update on the 2009 fall diamond drilling program on the Rocky Brook project located in the Deer Lake sandstone basin of west-central Newfoundland. A total of 1,958.2 metres in 38 holes were completed. Significant structure and highly anomalous uranium enrichment were intersected in drill core; however, the source of the high-grade uraniferous boulders continues to be enigmatic.
The drilling program primarily targeted coincident resistivity and water geochemical anomalies developed from IP geophysical and water sampling surveys completed in 2009 and 2008 respectively. Several holes also tested anomalous stratigraphy thought to be the result of faulting in the Humber Falls sandstone formation, the apparent host rock for the uraniferous boulder trains.
The most significant radioactivity was intersected in RB-09-229, where two approximately 2-metre-wide zones returned uranium assays up to 112 ppm and associated copper enrichment up to 230 ppm. The radioactivity in RB-09-229 further extends a plunging bedrock-sourced corridor of anomalous radioactivity identified in previous drilling in 2006 and 2007. Other significant geochemical enrichment includes a 3.5-metre-wide zone of anomalous copper (greater than 100 ppm) with elevated uranium (up to 13.1 ppm) identified in RB-09-232, and a 0.5-metre-wide sample with 91.5 ppm uranium and 1070 ppm copper in RB-09-256.
In addition to the geochemical enrichment mentioned above, several holes identified for the first time major structural disruption in the sandstone. The combination of geochemical enrichment and identified structure continues to support a structurally-hosted exploration model for the source of the high-grade uranium boulders. These features will be the focus of future diamond drilling programs on the Rocky Brook project.
JNR's Chief Geochemist, Ken Wasyliuk, PGeo, is the qualified person responsible for the technical data presented in this release. All technical information for the Company's exploration projects is obtained and reported under a formal quality assurance and quality control program, details of which are presented on the Company's website at: www.jnrresources.com/i/pdf/JNR-QAQC.pdf. A glossary of the technical terms included in this release can be found on the Company's website at: www.jnrresources.com/s/Glossary.asp.
ON BEHALF OF THE BOARD
President & CEO
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release. Statements contained in this news release that are forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Such risks and other factors include, among others, risks related to the accessibility to the property; operational risks; weather; availability of equipment and personnel; changes in project parameters as plans continue to be refined; delays in obtaining governmental approvals; delays or failure in obtaining financing on acceptable terms. Although the Company has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements.
SOURCE JNR Resources Inc.
For further information: For further information: contact JNR Resources at (306) 382-2211 or (877) 567-6463